Boise, ID – The Northwest’s leading full-service commercial real estate company, TOK Commercial, is pleased to announce the promotion of seven new partners to its ownership group. The group exemplifies the firm’s commitment to creating meaningful career opportunities for TOK’s team of professionals.
Listed in alphabetical order, the new partners include:
We're thrilled to share that three of the cities where our offices are located were recently recognized as 2023's Best Performing Cities by the well-respected Milken Institute. The Milken Institute's BPC rankings offer an objective evaluation of the economic performance of US metropolitan areas based on 12 key measures that cover labor market conditions, high-tech impact, and access to economic opportunities.
Per the report, three trends emerged:
The cities’ performance is closely related to growth in jobs and wages and the expansion of high-tech industries drives this growth. Idaho Falls (the top-ranked small city) stands out in its growth of jobs and wages in high-tech concentration.
Twin Falls Trailer Rental is an established and profitable trailer rental business, now seeking new ownership and location!
Surefire Cleaning Services is a well-established, full-service cleaning company now seeking new ownership!
Established in 2017, this Twin Falls-based company has a strong presence in the Magic and Treasure Valley markets and is expanding its line of service to all of Southern Idaho.
An undisclosed buyer purchased a 3,264 unit multifamily facility located at 512 N.14th Street in Boise. Michael Ballantyne and Sam McCaskill of TOK Commercial facilitated the transaction.
The industrial sector shows no signs of slowing down with absorption surpassing 1 million square feet halfway through the year.
Transaction volume picked up significantly in the second quarter, with an increase of over 50 percent in the amount of office square footage absorbed. Midway through the year, net absorption in the Office market already outpaced the amount seen at the end of 2020. Meridian and Downtown Boise have had the most net absorption occur, 192,000 square feet and 105,000 square feet, respectively. Projected supply for Meridian, the market’s second-largest submarket, is currently 10 months.
The Retail market experienced a boost in activity during the second quarter, with both gross and net absorption rising dramatically versus Q1 and overall transaction volume up over 60 percent (by number of deals). As a result of this strong market activity, overall vacancy has declined from 8.6 percent to 7.2 percent.
Fuller84 Business Park officially broke ground on the new 60-acre master-planned industrial park, on Friday, July 16th.
Investment transaction volume is on pace with the amount seen in 2020 ($574 million). Through the first half of 2021, $232 million in investment product has exchanged hands in the Boise MSA.
Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600
Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694
Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148
Coeur d'Alene Office
3322 N. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908